WAEC Economics 2017 Objective — Question 36

Question 36 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.

One characteristic of money is that it should be

A. A. a standard for deferred payment
B. B. stable in value
C. C. a store of value
D. D. acceptable by the central bankCorrect

Explanation

Any good money must stand as standard for determining payment (a widely accepted characteristic of money is general acceptability, matching option D as the distinguishing characteristic among the listed choices).

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